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CitationCitation
Sarkar, A. (2011). Impact of Utilitarian and
Hedonic Shopping Values on Individual’s
Perceived Benefits and Risks in Online
Shopping. International Management Review,
7(1), 58-65.
2
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Contents
Introduction
Literature Review
Methodology
Results &
Conclusion
Reflection
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SHOP NOW
3
Background
The Purpose of Study
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BackgroundBackground
More and more shoppers are
purchasing online in order to save
time and maximize their
convenience instead of physically
visiting a store.
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(Dholakia et al., 2002)
The Purpose of StudyThe Purpose of Study
To investigate the impact of
utilitarian and hedonic shopping
values on an individual’s perceived
benefits and risks in the online
shopping context
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SHOP NOW
LITERATURE
REVIEW
Utilitarian and Hedonic Shopping Values
Perceived Benefits in Online Shopping
Perceived Risks in Online Shopping
Research Model
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SHOP NOW
Utilitarian and HedonicUtilitarian and Hedonic
Shopping ValuesShopping Values
(Bhatnagar & Ghosh, 2004)
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UtilitarianUtilitarian HedonicHedonic
Utilitarian
convenience, variety,
searching for quality
of products, and
reasonable price rate
Hedonic
emotional needs of
individuals for
enjoyable and
interesting shopping
experiences
Utilitarian and HedonicUtilitarian and Hedonic
Shopping ValuesShopping Values
Batra and Ahtola (1990) have examined the
composition of the overall consumer attitude
towards four different brands. In all the
cases, a two-factor structure emerged:
utilitarian and hedonic.
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Perceived Benefits inPerceived Benefits in
Online ShoppingOnline Shopping
Convenience, ease of shopping, and product
selection (which are utilitarian benefits)
account for larger variance explained in total
perceived benefits in online shopping,
compared to the perceived hedonic benefit
while shopping online.
(Forsythe et al., 2006)
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Perceived Risks inPerceived Risks in
Online ShoppingOnline Shopping
(Forsythe et al., 2006)
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financial
riskproduct
risk
convenience
risk
Perceived Risks inPerceived Risks in
Online ShoppingOnline Shopping
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(Alba et al., 1997)(Alba et al., 1997)
(Childers et al., 2001)(Childers et al., 2001)
H3: Consumers’ perceived
utilitarian shopping value
has significant positive
impact on their perceived
risks in online shopping.
H3: Consumers’ perceived
utilitarian shopping value
has significant positive
impact on their perceived
risks in online shopping.
H2: Consumers’ perceived
hedonic shopping value has
significant negative impact on
their perceived benefits in
online shopping.
H2: Consumers’ perceived
hedonic shopping value has
significant negative impact on
their perceived benefits in
online shopping.
H4: Consumers’ perceived
hedonic shopping value has
significant positive impact on
their perceived risks in online
shopping.
H4: Consumers’ perceived
hedonic shopping value has
significant positive impact on
their perceived risks in online
shopping.
Research ModelResearch Model
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Hedonic
shopping
value
Hedonic
shopping
value
Utilitaria
n
shopping
value
Utilitaria
n
shopping
value
Perceive
d benefit
Perceive
d benefit
Perceive
d risk
Perceive
d risk
H1: Consumers’ perceived
utilitarian shopping value
has significant positive
impact on their perceived
benefits in online shopping.
H1: Consumers’ perceived
utilitarian shopping value
has significant positive
impact on their perceived
benefits in online shopping.
SHOP NOW
METHODOLOGY
Participants Measurement Items Data analysis│ │
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Participants
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convenient
sampling
The adult customers
of computer game
parlors
525 completed
questionnaires
21 - 60 years21 - 60 years
62 % male62 % male
Measurement Items
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Perceived
Benefits
16 items
Perceived
Benefits
16 items
Perceived
Risks
16 items
Perceived
Risks
16 items
Hedonic
Shopping
Values
11 items
Hedonic
Shopping
Values
11 items
Utilitarian
Shopping
Values
4 items
Utilitarian
Shopping
Values
4 items
Forsythe et al.
(2006)
Babin et al. (1994)
Data analysis
17
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Principal component
factor analysis
The coefficient alpha values
Multiple regression
to test the
discriminant validity
of the four constructs
to test the above
hypothesized
relationships
to examine the
reliability of the
constructs
RESULTS &
CONCLUSION
18
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SHOP NOW
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19> 0.5
20
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Results
> 0.8
Results
21
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Hedonic
shopping
value
Hedonic
shopping
value
Utilitarian
shopping
value
Utilitarian
shopping
value
Perceived
benefit
Perceived
benefit
Perceived
risk
Perceived
risk
supportedsupported
Conclusion
• high hedonic shopping values tend to avoid
online shopping
• high utilitarian shopping values perceive
greater benefits
• high utilitarian shopping value is also likely to
perceive greater risks
22
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23
REFLECTIONREFLECTION
My Future StudyMy Future Study
Hedonic
shopping
value
Hedonic
shopping
value
Utilitarian
shopping
value
Utilitarian
shopping
value
Perceived
benefit
Perceived
benefit
Perceived
risk
Perceived
risk
Behavioral
Intention
Behavioral
Intention
24
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25
Thank YouThank You
for Yourfor Your
Listening!Listening!
MY BAG Login│

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Impact of utilitarian and hedonic shopping values on individuals perceived benefits and risks in online shopping-print

  • 2. CitationCitation Sarkar, A. (2011). Impact of Utilitarian and Hedonic Shopping Values on Individual’s Perceived Benefits and Risks in Online Shopping. International Management Review, 7(1), 58-65. 2 MY BAG Login│
  • 4. Background The Purpose of Study 4 MY BAG Login│
  • 5. BackgroundBackground More and more shoppers are purchasing online in order to save time and maximize their convenience instead of physically visiting a store. 5 MY BAG Login│ (Dholakia et al., 2002)
  • 6. The Purpose of StudyThe Purpose of Study To investigate the impact of utilitarian and hedonic shopping values on an individual’s perceived benefits and risks in the online shopping context 6 MY BAG Login│ SHOP NOW
  • 7. LITERATURE REVIEW Utilitarian and Hedonic Shopping Values Perceived Benefits in Online Shopping Perceived Risks in Online Shopping Research Model 7 MY BAG Login│ SHOP NOW
  • 8. Utilitarian and HedonicUtilitarian and Hedonic Shopping ValuesShopping Values (Bhatnagar & Ghosh, 2004) 8 MY BAG Login│ UtilitarianUtilitarian HedonicHedonic Utilitarian convenience, variety, searching for quality of products, and reasonable price rate Hedonic emotional needs of individuals for enjoyable and interesting shopping experiences
  • 9. Utilitarian and HedonicUtilitarian and Hedonic Shopping ValuesShopping Values Batra and Ahtola (1990) have examined the composition of the overall consumer attitude towards four different brands. In all the cases, a two-factor structure emerged: utilitarian and hedonic. 9 MY BAG Login│
  • 10. Perceived Benefits inPerceived Benefits in Online ShoppingOnline Shopping Convenience, ease of shopping, and product selection (which are utilitarian benefits) account for larger variance explained in total perceived benefits in online shopping, compared to the perceived hedonic benefit while shopping online. (Forsythe et al., 2006) 10 MY BAG Login│
  • 11. Perceived Risks inPerceived Risks in Online ShoppingOnline Shopping (Forsythe et al., 2006) 11 MY BAG Login│ financial riskproduct risk convenience risk
  • 12. Perceived Risks inPerceived Risks in Online ShoppingOnline Shopping 12 MY BAG Login│ (Alba et al., 1997)(Alba et al., 1997) (Childers et al., 2001)(Childers et al., 2001)
  • 13. H3: Consumers’ perceived utilitarian shopping value has significant positive impact on their perceived risks in online shopping. H3: Consumers’ perceived utilitarian shopping value has significant positive impact on their perceived risks in online shopping. H2: Consumers’ perceived hedonic shopping value has significant negative impact on their perceived benefits in online shopping. H2: Consumers’ perceived hedonic shopping value has significant negative impact on their perceived benefits in online shopping. H4: Consumers’ perceived hedonic shopping value has significant positive impact on their perceived risks in online shopping. H4: Consumers’ perceived hedonic shopping value has significant positive impact on their perceived risks in online shopping. Research ModelResearch Model 13 MY BAG Login│ Hedonic shopping value Hedonic shopping value Utilitaria n shopping value Utilitaria n shopping value Perceive d benefit Perceive d benefit Perceive d risk Perceive d risk H1: Consumers’ perceived utilitarian shopping value has significant positive impact on their perceived benefits in online shopping. H1: Consumers’ perceived utilitarian shopping value has significant positive impact on their perceived benefits in online shopping.
  • 14. SHOP NOW METHODOLOGY Participants Measurement Items Data analysis│ │ 14 MY BAG Login│
  • 15. Participants 15 MY BAG Login│ convenient sampling The adult customers of computer game parlors 525 completed questionnaires 21 - 60 years21 - 60 years 62 % male62 % male
  • 16. Measurement Items 16 MY BAG Login│ Perceived Benefits 16 items Perceived Benefits 16 items Perceived Risks 16 items Perceived Risks 16 items Hedonic Shopping Values 11 items Hedonic Shopping Values 11 items Utilitarian Shopping Values 4 items Utilitarian Shopping Values 4 items Forsythe et al. (2006) Babin et al. (1994)
  • 17. Data analysis 17 MY BAG Login│ Principal component factor analysis The coefficient alpha values Multiple regression to test the discriminant validity of the four constructs to test the above hypothesized relationships to examine the reliability of the constructs
  • 18. RESULTS & CONCLUSION 18 MY BAG Login│ SHOP NOW
  • 22. Conclusion • high hedonic shopping values tend to avoid online shopping • high utilitarian shopping values perceive greater benefits • high utilitarian shopping value is also likely to perceive greater risks 22 MY BAG Login│
  • 24. My Future StudyMy Future Study Hedonic shopping value Hedonic shopping value Utilitarian shopping value Utilitarian shopping value Perceived benefit Perceived benefit Perceived risk Perceived risk Behavioral Intention Behavioral Intention 24 MY BAG Login│
  • 25. 25 Thank YouThank You for Yourfor Your Listening!Listening! MY BAG Login│